Possible reaction at 2.16 before leg down lower to 2.10
Bonjour, we've been stalking a trade here this morning, and I think we finally found one. Is this the level where the buy orders finally are taken out or will we see another break on NZD strength ... À bientôt, Maxmillian DuPont (www.myfxlifestyle.com)
We are looking for a potential reversal of GBP NZD just above the weekly kumo cloud. OR it may just fall through it only time will tell. But keep an eye out for this critical level.
Ichimoku analysis of GBP NZD in weekly chart reveals it will touch the kumo cloud which may trigger a reversal to current trend.
This pair has been in south direction for last 4 months. I will be interested to sell this if it goes back to the low of October 2015 around 2.241 which is also nice resistance area or if it goes below 2.195. My targets will be based on the Clone lines marked in dash lines. Entry details on chart
Wish i woulda have seen it earlier but ooh well... Nzd trade balance coming followed by Gbp current account C-D ending a bit below the .618 but ill take profit b4 it.
These are pretty nice structures! Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
bottom trend of the wedge is holding as support, possible to play a short term (relatively) long for a bounce to the upper bound but best RR is waiting for breakout at the close.
www.rbnz.govt.nz Just want the TV community to be aware of this fundamental change to the Kiwi across the board. cid:image003.jpg@01CEAD68.470EA830 15 December 2015 Updated weights for Trade-Weighted Index The annual re-weighting of the Trade-Weighted Index (TWI) will take effect on Wednesday 16 December 2015. The TWI is a measure of the value of the...
Since dec 4 whenever the price came close to 2.23 area it has reversed from here. So this looks like a good support zone . We could give a try to grab some quick pips. I am also seeing the divergence on Fisher and Stoch. Trade entry details on chart
Lack of data on this monday so price is unlikely to move past support, stop out below price reversal zone.
It seems from the 4hr chart that GBPNZD hit the floor at 2.2416 circa. The formation of those long spikes tell me that there might be a push on the upper side. I am going long at the close of the next candle with SL below previouls Lower Low around 2.2364 with a TP at around 2.2994
GBPNZD has high correlation with the difference between GBPUSD and NZDUSD.
I'm already short on GBPNZD for about over a month still holding. Maybe its time to add some more. Lets see if this is going to work.